$Lumentum(LITE)$ This doesn't add up. Why would a company being acquired at a premium be dropping this much? Makes no sense. LITE will own 1/3 of MRVL, and if MRVL keeps growing fast over the next few years, LITE should rise along with it.
Instead of seeing LITE management as bracing for an AI slowdown, I actually think it's the opposite. Otherwise, they would have taken a cash-only deal instead of a stock-only deal. I think the analysts are completely wrong on this one. I'm buying LITE at $700 and holding for the long term.
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